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On Thu, 14 Jun 2018 10:48:17 -0400, Keyser Soze
wrote:

On 6/14/18 10:47 AM, Mr. Luddite wrote:
On 6/14/2018 9:57 AM, Keyser Soze wrote:
On 6/14/18 8:46 AM, Wayne.B wrote:
On Thu, 14 Jun 2018 08:01:49 -0400, Keyser Soze
wrote:

On 6/13/18 10:52 PM, wrote:
On Wed, 13 Jun 2018 16:50:54 -0400, Keyser Soze
wrote:

On 6/13/18 4:42 PM, Bill wrote:

And why are you opposed to social security funds in the stock
market?

My recollection is that the private wall street banksters were
lobbying
to "invest" those funds and earn their profit off it. Norges Bank
belongs to the people of Norway.

Norway invests all over the world in all sorts of things, Those
investments return real capital gains. The SS/MC funds are not really
invested in anything. There are just IOUs in the box and the
government spent the money on things that do not generate any income
for the government. They chalk up phony interest payments but some of
the money has to be borrowed from someone else when they actually have
to pay people the benefits they promise.

I suppose I should explain in pidgin English. I am not opposed to
investing. I oppose using the banksters in the USA to handle those
investments on behalf of our citizenry.

===

How do you propose making investments without using the financial
services industry?

Once again, the Norges Bank belongs to the people of Norway. Banksters
they may be but they are not Citibank or Wells Fargo types of banksters.

Both Citibank (division of Citigroup) and Wells Fargo are publicly
traded companies on the NYSE.

That means stock owners own them.

That's not the same as being owned by the citizens of the USA.

On the other hand SSA is owned by the tax payers and it's only asset
is an IOU from a government that had to borrow over $50 billion every
month last year just to pay it's bills. The business world would
consider that being bankrupt and their stock would drop to zero.

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